UK homeowners spent £10k each just on moving house last year

British homeowners spent a collective total of £9.8 billion moving house in 2018. That's an average cost of £10,047 each, up £500 on 2017.

New research from price comparison site Compare My Move found Stamp Duty, conveyancing, surveys and removal costs quickly add up to make moving more expensive than ever before.

This staggering sum means buyers are forced to save for longer before buying their dream property. And first-time buyers are especially affected, having to save for an extra four months, on average, to afford the cost of moving.

10'000 HoursGetty Images

The research also shows regional costs vary. Those in the north-east and Wales pay the least (around £5,000) while Londoners are handed the biggest bill. Buyers in the capital can expect to pay almost £28k to move house – with 60 per cent of that cost coming from Stamp Duty.

Compare My Move used the latest official UK Housing data and their own Cost of Moving House Calculator to explore the extra costs involved in moving house.

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